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Choice Hotels' (CHH) Everhome Suites Expands in Lexington
ZACKS· 2024-06-13 00:21
Choice Hotels International, Inc. (CHH) continues to expand its extended stay brand, Everhome Suites. The company unveiled a new Everhome Suites in Lexington, KY. CHH now has more than 60 Everhome Suites in development, with 20 currently under construction. This move strengthens the company's leadership in the extended stay market. Moreover, it has over 10 Everhome Suites expected to open within the next year. In the extended stay category, the company has more than 400 properties in the pipeline across its ...
Everhome Suites Debuts in Kentucky, Continuing the Brand's Growth
Prnewswire· 2024-06-11 21:30
"At Choice Hotels, we were pioneers in the extended stay hotel category, and our first-mover advantage has been solidified by the performance track record of our extended stay brands," said Matt McElhare, vice president and lead for extended stay brands, Choice Hotels. "Our deep expertise and comprehensive understanding of extended stay have positioned us to help our franchisees successfully launch and expand the Everhome Suites brand across key markets including Lexington, Kentucky. With a dedicated team o ...
Choice Hotels: Positive Read-Throughs From Travel Surveys And Shareholder Meeting
Seeking Alpha· 2024-06-09 14:26
Thomas Barwick Elevator Pitch My rating for Choice Hotels International, Inc. (NYSE:CHH) stock is a Buy. I drew attention to Choice Hotels' corporate developments in my prior March 20, 2024 article. The current write-up focuses on the takeaways from CHH's annual shareholders' meeting and travel surveys. The latest travel surveys point to favorable near-term prospects for Choice Hotels. On the other hand, CHH's disclosures at the recent shareholders' meeting indicate that the company boasts key growth engine ...
Choice Hotels' (CHH) Everhome Suites Expands With 3 New Hotels
ZACKS· 2024-06-08 00:45
Choice Hotels International, Inc. (CHH) will expand the footprint of one of its extended stay brands, Everhome Suites, with three new properties across the Northeast markets of the United States. Developed in partnership with Highside Companies, the new extended stay properties will be located in Portsmouth, NH; Rochester, NY; and Somerset, NJ. The properties are named Everhome Suites Portsmouth, Everhome Suites Rochester and Everhome Suites Somerset, and are expected to open for service in the summer, spri ...
Everhome Suites Expands Presence in the Northeast with Three New Groundbreakings in New Hampshire, New Jersey, and New York
Prnewswire· 2024-06-06 22:00
"With three new properties breaking ground in key high-barrier-to-entry Northeast markets, Choice is continuing its leadership and growth in extended stay," said Matt McElhare, vice president and lead for Extended Stay Brands, Choice Hotels. "With four Everhome Suites open, over 60 in development, 20 under construction, and more than 10 expected to open within the next year, Choice has first mover advantage with a proven track record of success. Our leadership is made possible by Choice's dedicated team of ...
Discover Hidden Gems: Choice Hotels Associates Recommend Top Summer Hotels and Destinations
Prnewswire· 2024-05-22 00:23
"Choice is uniquely positioned for guests taking road trips this summer with 4,000 of our hotels located within one mile of a highway entrance and more than 2,000 located near popular destinations, including beaches and national parks," said Noha Abdalla, Chief Marketing Officer, Choice Hotels. "From scenic escapes and family getaways to cultural gems and romantic weekends, Choice has 'A Stay for Any You' across 22 brands for travelers looking to make memories this summer, all bookable on ChoiceHotels.com." ...
Choice Hotels (CHH) Boosts Presence in Nampa With New Hotel
Zacks Investment Research· 2024-05-14 22:11
Choice Hotels International, Inc. (CHH) recently announced the opening of Everhome Suites in Nampa, Idaho. This marks the brand's third hotel opening. Developed in collaboration with Highside Companies, Everhome Nampa marks the first of eight planned properties. The four-story, 122-room hotel offers amenities such as fully-equipped kitchens, spa-style bathrooms, pet-friendly accommodations and contemporary lobby and outdoor spaces. The Nampa Hotel showcases the brand's Closer to Home design package, incorpo ...
Everhome Suites Debuts First Hotel Reflecting Brand Standard Prototype in Nampa, Idaho to Meet Growing Demand in Market
Prnewswire· 2024-05-13 21:01
"With over 60 Everhome Suites in various stages of development and an extended stay pipeline of more than 400 properties across four brands, Choice is continuing its leadership and growth in extended stay," said Matt McElhare, vice president and extended stay segment lead. "We're excited to officially mark the opening of the third Everhome Suites and look forwarding to demonstrating the brand's performance as a first mover in lower midscale." Standard design elements include locally inspired artwork through ...
Choice Hotels (CHH) Q1 Earnings Top, Revenues Miss, Stock Down
Zacks Investment Research· 2024-05-10 01:21
文章核心观点 - 公司在第一季度业绩表现参差不齐,收入低于预期但利润超预期 [1][3][4] - 公司受益于收购Radisson Americas带来的协同效应,但受到复活节时间变化和同比基数较高的影响 [2][5] - 公司调低了2024年全年业绩指引,但仍保持乐观态度 [9][10] 财务数据总结 - 收入为3.319亿美元,同比下降0.3% [4] - 调整后每股收益为1.28美元,超出预期11.3% [3] - 调整后EBITDA为1.243亿美元,高于预期 [7] - 现金和现金等价物为4.21亿美元,较年末增加 [8] - 长期债务为12亿美元,较年末有所增加 [8] 运营数据总结 - 特许经营和版税收入同比下降2%至1.055亿美元 [5] - 国内可用客房收入(RevPAR)同比下降590个基点,但与2019年同期相比仍增长8.2% [5] - 有效特许经营费率同比上升4个基点至5.03% [5] - 总运营费用同比增长7% [6] 2024年展望 - 调整后净利润预期为3.06-3.2亿美元,调整后EBITDA预期为5.8-6亿美元 [9] - 调整后每股收益预期为6.30-6.60美元 [9] - 国内RevPAR预计持平至增长2%,有效特许经营费率预计中个位数增长 [10]
Choice Hotels International Concludes 68th Annual Convention, One of its Largest Ever
Prnewswire· 2024-05-09 21:00
"This year's convention was about celebrating the new level of success that Choice and its franchisees have achieved together," said Choice Hotels President and CEO Patrick Pacious. "I've never been more optimistic about our shared future. With our brands well positioned to capture even more of the growing travel demand, we have a tremendous opportunity in front of us." During the event, Choice awarded and celebrated the top-performing hotels through Choice's Premier Awards and the Best of Choice Awards, th ...